ect Hw Help Company wants to prepare interim financial statements for the first quarter. The company wishes to avold count of inventory wayward's gross profit rate averages 40% The following information for the first quarter is avalable from its records. making a physical January 1 beginning inventory Cost of goods purchased s 430,260 1,069,050 1,321, 150 10,750 Sales returns Required: Use the gross profit method to estimate the company's first quarter ending inventory $ 430,260 1,069.050 Prev 1 of 1EENest e???? e /23 201 e to search